Le­banon ex­ceeds bud­get limits on ris­ing ex­pen­di­ture

The Gulf Today - Business - - REGION -

BEIRUT: Le­banon has ex­ceeded its bud­get limits for 2018 and author­i­ties are tak­ing steps to make sure the state can con­tinue to fund it­self as politi­cians strug­gle to form a new govern­ment, the care­taker finance min­is­ter said.

The min­is­ter, Ali Has­san Khalil, said the govern­ment had spent more than it bud­geted for this year, to meet the ris­ing costs of health, elec­tric­ity, garbage dis­posal and in­creased pub­lic sec­tor wages.

But he said Le­banon would con­tinue to meet its obli­ga­tions.

“Le­banon is com­mit­ted to pay­ing all its debts and debt ser­vic­ing. This is some­thing we have be­come ac­cus­tomed to in the past and will con­tinue to do so,” he said.

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